A Banner Year for LGT Despite Turbulence: Liechtenstein-based LGT Bank boosted profits and saw strong growth in new money from clients. lgt 2022
Despite headwinds from geopolitical uncertainties and turbulent financial markets, LGT reported a 19 percent increase in group profit to 420.8 million Swiss francs , according to a statement Monday.
Services income remained stable at 1.59 billion francs last year despite subdued client activity, with brokerage and performance fees remaining at high levels, although slightly below the strong result in 2021. Net interest income rebounded to 390 million francs following the end of the protracted negative interest rate environment, also reflecting significantly higher customer deposits.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS Said to Offer $1 Billion for Credit SuisseUBS Said to Offer $1 Billion for Credit Suisse: UBS has offered to buy Credit Suisse for One Billion dollars in an all-share-based transaction. The offering price is well below Credit Suisse's closing price on Friday. creditsuisse UBS
Read more »
«Als Yakin angerufen hat, habe ich überall gezittert»GC-Profi Dominik Schmid hat sein erstes Nati-Aufgebot erhalten. Nach dem Sieg in Sion spricht der 25-Jährige über seinen Traum, der in Erfüllung geht.
Read more »
Derivatives Boutique Gets Finma ApprovalDerivatives Boutique Gets Finma Approval: Zurich-based financial boutique CAT Financial Products is ready to push ahead with growth plans after getting the nod from Swiss financial markets authority. CATFP Finma
Read more »